Kogan.com profits fall despite bumper Christmas sales

Company News

by Rachael Jones

Online retailer Kogan.com (ASX:KGN) today announced financial results for the half year ended 31 December 2018 showing net profit after tax of $7.4 million down 11 per cent on last half year from $8.3 million.

Revenue is up 10.6 per cent to $231.8 million, on prior half year which was $209.6 million.

EBITDA was $13.3 million down from the last half of $14.1 million.

Expansion costs seem to have offset their record trade over Christmas.

Their 2019 interim dividend is declared at 6.1 cents.

Shares in Kogan.com (ASX:KGN) are trading 2.05 per cent lower to $4.30.

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.